by laflammaster
Kaisa with $132M, Country Garden with $128M, Sunac China with $108M, and Shimao with $106M due this month. Four companies comprise 72% of all payments which total to $656M.
The default on CNY 645m loan for a company that was considered investment grade as recently as December with more than CNY50 bn in cash is 🤦♂️ … https://t.co/riPAr8eBjr
— James K (@ImJames_K) January 6, 2022
[Contagion] Looks like Modern Land still not being able to pay their October coupon payment.
